Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 31,000 33,000 24,000 29,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget Variable selling and administrative expense per unit Variable selling and administrative expense Faxed selling and administrative expenses Total fixed seting and administrative expenses Tutal selling and administrative expenses Cash disbursements for selling and administrative expenses 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Exercise 8-6 Selling and Administrative Expense Budget [LO8-7]
Weller Company's budgeted unit sales for the upcoming fiscal year are provided below:
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
31,000
33,000
24,000
29,000
Budgeted unit sales
The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include
advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In
addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property
taxes of $7,000 will be paid in the second quarter.
Required:
Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2
decimal places.)
Weller Company
Selling and Administrative Expense Budget
Variable selling and administrative expense per unit
Variable selling and administrative expense
Fixed selling and administrative expenses
Total fixed seling and administrative expenses
Total selling and administrative expenses
Cash disbursements for selling and administrative expenses
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Year
Transcribed Image Text:es Exercise 8-6 Selling and Administrative Expense Budget [LO8-7] Weller Company's budgeted unit sales for the upcoming fiscal year are provided below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 31,000 33,000 24,000 29,000 Budgeted unit sales The company's variable selling and administrative expense per unit is $3.00. Fixed selling and administrative expenses include advertising expenses of $8,000 per quarter, executive salaries of $50,000 per quarter, and depreciation of $30,000 per quarter. In addition, the company will make insurance payments of $5,000 in the first quarter and $5,000 in the third quarter. Finally, property taxes of $7,000 will be paid in the second quarter. Required: Prepare the company's selling and administrative expense budget for the upcoming fiscal year. (Round "Per Unit" answers to 2 decimal places.) Weller Company Selling and Administrative Expense Budget Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expenses Total fixed seling and administrative expenses Total selling and administrative expenses Cash disbursements for selling and administrative expenses 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year
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